Toyota's first EV battery plant in the US is ready for business, but there's more
- Toyota's $14 billion EV battery plant in North Carolina is now open and will start shipping batteries in April 2025.
- The new facility will produce batteries for electric vehicles, hybrids, and plug-in hybrids, creating about 5,000 jobs.
- Toyota plans to establish a company in Shanghai to produce EVs and batteries for the Lexus brand.
- Last year, Toyota sold just 18,750 bZ4X electric SUVs in the US, falling behind competitors like Honda and Nissan.
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